Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 170.155

    If 2 or more losses that a company can transfer for an income year under Subdivision   170 - B of the Income Tax Assessment Act 1997 were previously transferred to it under Subdivision   707 - A of that Act, it must transfer first those losses (if any) covered by subsection   707 - 350(1).

Table of sections

170 - 220   Direct and indirect interests in the loss company

170 - 225   Direct and indirect interests in the gain company